Crypto Assets Market Analysis: Bitcoin's New High Expected to Drive Alts Pump

Recently, the global situation has stabilized and the US stock market has strengthened, prompting institutional investors to continue buying Bitcoin. Last week, the net inflow of Bitcoin reached a new high. This may drive Bitcoin to start a new round of pump, with the potential to create a historical high. Last week, Bitcoin rose by over 6%, indicating strong buying interest around the $100,000 mark. Bulls are working hard to maintain the price above $108,000 to consolidate their advantageous position.

However, it is worth noting that liquidity is usually lower on weekends, and caution should be exercised regarding breakout trends. It is expected that sellers will try to keep prices within the range of $100,000 to $112,000 in the new trading week.

The strong performance of Bitcoin has also driven some alts to strengthen, with certain alts rebounding from support levels. If Bitcoin can reach a new high, some alts may attempt to break through the upper resistance levels, continuing the rebound momentum.

Bitcoin Technical Analysis

Bitcoin is currently oscillating between the moving average and the downward trend line. Buyers are trying to push the price above the downward trend line, but are met with strong resistance from bears.

The moving average shows an upward trend, and the Relative Strength Index ( RSI ) is in the positive zone, indicating that the bulls have a slight advantage. If the bulls successfully break through the downward trend line, BTC may pump to $110,500 and then further rise to $112,000.

It is expected that the sellers will build a strong defense line between the downtrend line and the neckline. However, if the buyers break through strongly, BTC is expected to hit $150,000.

If the price falls back from the downward trend line and breaks below the moving average, the bullish expectation in the short term will be broken. In this case, BTC may retreat to $102,500, or even $100,000.

From the 4-hour chart, BTC has rebounded from the 20-day exponential moving average, but the bulls have failed to break through the downward trend line resistance. If the price continues to fall and breaks below the 20-day moving average, it indicates that the bulls are losing control. BTC may subsequently drop to the 50-day simple moving average, which is a key support level. A break below the 50-day moving average could accelerate selling, pushing BTC towards 100,000 dollars.

Optimistically, the bulls need to push the price up and stabilize above the downward trend line to send a strong signal.

HYPE Technical Analysis

Hyperliquid (HYPE) broke below the 20-day moving average last Thursday at 37.14 USD, but the bears failed to hold the lower levels, indicating that each small pullback has buying support.

Last Saturday, the bulls successfully pushed the price back above the 20-day moving average. $39.12 is an important resistance level, and if broken, HYPE may rise to $42.50. The $42.50-$45.80 range is expected to face significant resistance.

On the contrary, if the price falls below the 20-day moving average, it indicates that bears are active at high levels. HYPE may then retreat to the 50-day moving average (34.42 USD ). If it breaks below and closes under the 50-day moving average, it may further drop to 30.69 USD.

From the 4-hour chart, HYPE found support at the 50-day simple moving average, and the bulls are working hard to push the price up to the resistance level of $39.12. If they successfully break through, HYPE is expected to reach $41, followed by $42.50.

On the downside, the first support level is the 20-day moving average, followed by the 50-day moving average. Falling below the moving averages indicates a weakening bullish momentum, and HYPE may retrace to $33.25, with a strong support level at $30.69 thereafter.

BCH Technical Analysis

Bitcoin Cash ( BCH ) faced selling pressure at $500, but the positive signal is that the bulls have not significantly retreated.

The rising moving average and the RSI indicator in the positive zone indicate that the bulls are dominant. This increases the likelihood of a breakout above $500. If it breaks out, BCH may rise to $550. Bears may build a defense near $550, but if the bulls take the upper hand, BCH is expected to challenge $625.

On the downside, the first support level is the 20-day moving average at (464 USD ), followed by the 50-day moving average at (430 USD ). Falling below the 50-day moving average means that the bears regain control.

From the 4-hour chart, bulls are working hard to keep the price above the 20-day moving average. If successful, BCH may challenge the resistance level of $500 again. A breakout above $511 could further enhance the pump momentum.

On the contrary, if the price breaks below and stabilizes under the 20-day moving average, it indicates that the bulls are taking profits. This could lead to BCH retracing to the 50-day moving average, where bulls may enter.

Chainlink Technical Analysis

Chainlink (LINK) has recently maintained the 20-day exponential moving average at (13.27 USD), indicating that the bulls are still applying pressure.

If the price breaks through and stabilizes above the 20-day moving average, LINK may rise to the 50-day moving average (14.43 USD ). Bears are expected to defend the 50-day moving average with all their might, as a breakthrough at this level could signal a trend reversal. Subsequently, LINK is expected to challenge 18 USD.

On the contrary, if the price significantly falls back from the current position or the 50-day moving average, it indicates that the bears are selling at a high level. A drop below $12.73 could keep LINK within a downward channel for some time.

From the 4-hour chart, bulls are trying to push the price to the resistance line, but bears are actively defending the $13.50 level. If the price breaks below the 20-day moving average, it indicates insufficient demand at high levels. LINK may then pull back to the 50-day moving average.

On the contrary, a strong rebound from the 20-day moving average indicates optimistic market sentiment. LINK may attack the resistance line, which is a critical position. If the resistance line is broken, LINK is expected to surge to 15.50 dollars.

Sei Technical Analysis

Sei broke through the 50-day moving average of 0.21 USD on Monday this week, enhancing momentum, and on Tuesday it broke through the resistance level of 0.29 USD.

However, buyers failed to hold the high position, and on Wednesday the price fell below $0.29. The good news is that the bulls subsequently pushed the price back above $0.29. The 20-day moving average ( at $0.23 ) has started to rise, and the RSI is in the positive zone, indicating that the path of least resistance is upward. Sei is expected to pump to $0.35, with the subsequent target being $0.43.

If the price falls below the 20-day moving average, the short-term bullish expectation will be broken. In this case, Sei may fall back to $0.19, or even $0.15.

Looking at the 4-hour chart, both moving averages are trending upwards, and the RSI is in the positive zone, indicating buyer dominance. If the price stabilizes above $0.30, Sei may rise to $0.33.

Sellers may try to pull the price below the 20-day moving average. If successful, Sei may fall back to $0.27, followed by the 50-day moving average. Buyers are expected to firmly defend the 50-day moving average, as further pullbacks could delay the recovery of the rising trend.